Supplemental Documents

for the 3rd Quarter of FY2021

(Note) "Accounting Standards for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020), etc. have been applied since the beginning of the first quarter of the current consolidated fiscal year. We are comparing and analyzing the consolidated cumulative period of the same quarter of the previous year and the previous consolidated fiscal year, which were applied retroactively to the relevant accounting standards.

February 4, 2022

Nippon Suisan Kaisha, LTD.

Overview of the 3rd Quarter of FY2021

Even though an impairment loss was incurred, the profit at each stage reached a record high.

■In marine products, sales and profits increased due to strong fish prices in addition to rebound consumption.

■Sales and profits of food products continued to increase due to strong sales, despite the impact of rising costs.

  • Recorded an impairment loss of 5 billion yen as an extraordinary loss.

3Q of FY2020

3Q of FY2021

Y-on-Y

(Unit: 100 million yen)

(Amount)

(%)

Net Sales

4,662

5,252

589

12.7

Operating Profit

150

246

95

63.7

Ordinary Profit

188

293

105

56.0

Profit attributable to

131

166

34

25.9

owners of parent

FY2021

Progress

Rate

Annual Plan

(%)

(Announced on Nov. 5)

6,730

78.1

245

100.6

280

104.8

170

97.7

2

Full-year Forecast for FY2021

Revised annual plan upwards.

  • Although there are concerns about re-expansion of COVID-19 and various cost increases, the annual plan was revised upward.

FY2021

FY2021

Y-on-Y

FY2020

Y-on-Y

Previous Plan

(Announced on

Revised Plan

(Amount)

(%)

Actual Results

(Amount)

(%)

(Unit: 100 million yen)

Nov. 5)

Net Sales

6,730

6,900

170

2.5

6,150

749

12.2

Operating Profit

245

270

25

10.2

179

90

50.0

Ordinary Profit

280

330

50

17.9

226

103

45.6

Profit attributable to

170

180

10

5.9

143

36

25.1

owners of parent

3

Overview of the 3rd Quarter of FY2021 by Segments

Sales increased significantly in both marine and food products businesses.

3Q of

3Q of

Y-on-Y

(Unit: 100 million yen)

FY2020

FY2021

(Amount)

(%)

Net Sales

4,662

5,252

589

12.7

Marine Products

1,930

2,179

249

12.9

Food Products

2,273

2,501

228

10.0

Fine Chemicals

189

243

53

28.3

General Distribution

128

121

(7)

(5.7)

Others

140

206

65

46.9

Operating Profit

150

246

95

63.7

Marine Products

52

112

60

114.8

Food Products

109

134

24

22.7

Fine Chemicals

19

30

10

56.6

General Distribution

18

17

(0)

(0.6)

Others

5

8

2

48.9

Common Costs

(54)

(57)

(2)

5.2

Ordinary Profit

188

293

105

56.0

Profit attributable to owners of parent

131

166

34

25.9

4

Main factors for increase/decrease in operating profit (Y-on-Y)

  • Demand has recovered due to the relaxation of behavioral restrictions, and marine and food products were performing well.
  • Strengthening of the domestic aquaculture and chilled business has also progressed.

Marine Products Marine Products Marine Products

Food Products Food Products

Fine

Consolidated

Fishery and

South American

Processing/

(Except Chilled Chilled Business

Chemicals

Adjustment

(Unit: 100 million yen)

Aquaculture

Aquaculture

Trade

Business in Japan)

(Except South

(including

American

adjustment of

Aquaculture)

unrealized profit)

Overseas 28

Overseas 17

Japan (10)

Japan 20

Domestic

Sales volume

Both domestic

Profits increased

Profits

In addition to

aquaculture

increased, but

and overseas

in North America

increased due

strong sales

increased

profit was

were

due to recovery

to cost

of PCR test

profits due to

almost the

performing well

in demand for

reduction

drugs, mail

cost

same as the

due to

foods for food

effects such

order sales

reductions in

previous year

increased

service. In

as appropriate

were strong.

Operating

addition to

。

demand for

Europe, profits

staffing and

Operating

including the

Profit

improved

adjustment of

salmon/trout

increased due to

recovery of

Profit

aquaculture

unrealized

and white fish

growth in

sales of rice

3Q of

FY2020

results.

profit.

and price

alternative

balls.

Domestic

increases.

proteins and

fishery was

Alaska pollock

expansion of

sluggish.

processing in

sales areas.

North America

struggled.

3Q of FY2021 5

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Nippon Suisan Kaisha Ltd. published this content on 04 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 February 2022 04:25:13 UTC.